Fast Retailing Japan reports double-digit growth
In the first fiscal quarter ended November 30 , the Japanese clothing giant Fast Retailing has totaled revenues of 479.5 billion yen ( 3.4 billion euro ) , an increase of 23 % over the same period before . For the full year , the management estimates that sales will reach the level of 1.6 trillion yen (about 11.4 billion euro ) , an increase of 15.7 % . In quarter operating profits of the Japanese group were up 39.9 % to 91.3 billion yen and earnings reached 68.8 billion ( + 63.9 % ) .
The owner of UNIQLO exceeded 400 billion yen in sales , thanks to the 11.6% increase achieved in the domestic market ( 824 stores at the end of November) and + 47 % recorded abroad ( 695 stores) . The item ” global brands” , which include proprietary brands such as Theory, Comptoir des Cotonniers , Princesse tam.tam and J Brand , has posted a 18.6% of sales , to 78.1 billion.
Fast Retailing reports, in addition to a 15.7% annual consolidated turnover , a 38% increase in ebit and a + 34 % of the profits to the end of the fiscal year.